It will be the securing of finance and an offtake agreement which will see the SP move up substantially....
It is a given that there will be a resource increase the only unknown factor is how much....and what we will find..
Looking at the geography and the fact that there are a lot of countries now scrambling to get a foot hold in this region i strongly believe that we have substantially more resource than what has already been announced...
The 10 billion tonnes of IO has been tossed around as an amount which i think is not unreasonable given the existing geography....and who knows what other little gems we will find in them hills...
SPP for non institutional investors(Champions) is an attempt by management to include everyone in the process...without having to issue a prospectus and the huge costs associated with that....the only benefit at the moment is no brokerage fees...
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